us-e: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
us-e
Largest movements
- Tangible fixed assets +€351,822
up €351,822 (+355%), from €99,149 to €450,971
of which Assets under construction and advance payments: +€370,631
- Receivables within one year -€107,022
down €107,022 (-66.0%), from €162,199 to €55,177
- Receivables after one year -€42,058
down €42,058 (-100%), from €42,058 to €0
- Cash -€32,790
down €32,790 (-42.9%), from €76,413 to €43,623
mainly Investment in fixed assets (net) (-€370,631) and Net result for the year (-€44,432)
- Other debts +€201,243
new in 2023: €201,243
- Profit (loss) carried forward -€61,432
down €61,432 (-58.7%), from €104,642 to €43,210
- Reserves -€58,000
down €58,000 (-42.3%), from €137,018 to €79,018
of which Distributable reserves: -€58,000
- Trade debts +€44,294
new in 2023: €44,294
- Contributions +€42,764
up €42,764 (+228%), from €18,736 to €61,500
- Write-downs +€54,740
up €54,740, from -€54,740 to €0
- Gross operating margin -€28,786
down €28,786, from €4,961 to -€23,825
- Taxes -€10,653
down €10,653, from €10,500 to -€153
- Financial charges -€5,609
down €5,609 (-94.6%), from €5,928 to €319
- Financial income -€2,666
down €2,666 (-100%), from €2,666 to €0
From the 2022 result to the 2023 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €379,819 | €549,772 | +€169,952 | +44.7% |
| Fixed assets | 21/28 | €99,149 | €450,971 | +€351,822 | +355% |
| Tangible fixed assets | 22/27 | €99,149 | €450,971 | +€351,822 | +355% |
| Land and buildings | 22 | €99,149 | €80,340 | -€18,809 | -19.0% |
| Assets under construction and advance payments | 27 | - | €370,631 | +€370,631 | |
| Current assets | 29/58 | €280,670 | €98,800 | -€181,870 | -64.8% |
| Amounts receivable after more than one year | 29 | €42,058 | €0 | -€42,058 | -100% |
| Other amounts receivable | 291 | €42,058 | €0 | -€42,058 | -100% |
| Amounts receivable within one year | 40/41 | €162,199 | €55,177 | -€107,022 | -66.0% |
| Other amounts receivable | 41 | €162,199 | €55,177 | -€107,022 | -66.0% |
| Cash at bank and in hand | 54/58 | €76,413 | €43,623 | -€32,790 | -42.9% |
| Total equity and liabilities | 10/49 | €379,819 | €549,772 | +€169,952 | +44.7% |
| Equity | 10/15 | €260,396 | €183,728 | -€76,668 | -29.4% |
| Contributions | 10/11 | €18,736 | €61,500 | +€42,764 | +228% |
| Capital | 10 | €18,736 | €61,500 | +€42,764 | +228% |
| Issued capital | 100 | €18,736 | €61,500 | +€42,764 | +228% |
| Reserves | 13 | €137,018 | €79,018 | -€58,000 | -42.3% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Legal reserve | 130 | €14,874 | €14,874 | = | 0.0% |
| Distributable reserves | 133 | €122,144 | €64,144 | -€58,000 | -47.5% |
| Profit (loss) carried forward | 14 | €104,642 | €43,210 | -€61,432 | -58.7% |
| Amounts payable | 17/49 | €119,423 | €366,044 | +€246,620 | +207% |
| Amounts payable after more than one year | 17 | €108,923 | €76,485 | -€32,438 | -29.8% |
| Financial debts | 170/4 | €108,923 | €76,485 | -€32,438 | -29.8% |
| Amounts payable within one year | 42/48 | €10,500 | €261,756 | +€251,256 | +2,393% |
| Current portion of amounts payable after more than one year | 42 | - | €16,219 | +€16,219 | |
| Trade debts | 44 | - | €44,294 | +€44,294 | |
| Suppliers | 440/4 | - | €44,294 | +€44,294 | |
| Taxes, remuneration and social security | 45 | €10,500 | €0 | -€10,500 | -100% |
| Taxes | 450/3 | €10,500 | €0 | -€10,500 | -100% |
| Other amounts payable | 47/48 | - | €201,243 | +€201,243 | |
| Accrued charges and deferred income | 492/3 | - | €27,803 | +€27,803 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,167 | €18,809 | +€2,642 | +16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€54,740 | €0 | +€54,740 | |
| Other operating charges | 640/8 | €1,504 | €1,633 | +€129 | +8.6% |
| Gross operating margin | 9900 | €4,961 | -€23,825 | -€28,786 | |
| Operating profit (loss) | 9901 | €42,031 | -€44,266 | -€86,298 | |
| Financial income | 75/76B | €2,666 | €0 | -€2,666 | -100% |
| Recurring financial income | 75 | €2,666 | €0 | -€2,666 | -100% |
| Financial charges | 65/66B | €5,928 | €319 | -€5,609 | -94.6% |
| Recurring financial charges | 65 | €5,928 | €319 | -€5,609 | -94.6% |
| Profit (loss) for the period before taxes | 9903 | €38,769 | -€44,585 | -€83,355 | |
| Income taxes | 67/77 | €10,500 | -€153 | -€10,653 | |
| Profit (loss) for the period | 9904 | €28,269 | -€44,432 | -€72,701 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,269 | -€44,432 | -€72,701 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.